Gold futures edge above $1600 on Wednesday

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Source: Forexpros
Gold futures rocketed above $1600 per ounce during New York trading session, boosted by Fed's speculation about another quantitative easing in order to stimulate world's biggest economy. Gold futures climbed 1.8 per cent to $1,605.15, the highest level since July 6. Moreover, other precious metals added in value. Silver for September settlement jumped 1.5 per cent to $27.21 per ounce, while September copper added 1 per cent to $3.387 per pound.
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Thu, 26 Jul 2012 06:33:37 GMT

U.S. new-home sales drop

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